《大行報告》麥格理升瑞聲(02018.HK)目標價至32.4元 評級「跑贏大市」
麥格理發表研報指,瑞聲科技(02018.HK)去年下半年盈利表現超出市場預期,在產品組合調整及產能利用率提升下,核心業務毛利率向好,除PSS業務整合外,預期來自智能手機零部件等多重增長動力,將推動公司今年度收入增長27%。
基於毛利率前景改善,麥格理將瑞聲2024至2025年淨利潤預測上調21%,預期今年純利將翻倍,達14.91億元人民幣,對比2023年錄7.4億元人民幣,重申瑞聲是智能手機升級周期的受益者,維持「跑贏大市」評級,目標價上調至32.4元,對應2025年盈測約19倍。
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